Phuket Bubble Watch — Top 10 Overpriced Condos
· RealData analysis
Phuket's condo market is shaped by foreign demand: Russian buyers post-2022, Chinese capital, Western retirees, and Bangkok investors looking for vacation-rental yield. Marketing decks lean heavily on 'beachfront premium' and 'guaranteed yield' — without putting a number on either.
We crawled all 63 Phuket condo buildings on hipflat, computed each building's median price-per-sqm, then divided by its sub-area (tambon) median to produce a Bubble Index. 100 = at-market. 200 = double the local average. 400 = four times.
Below: the 10 highest-Bubble-Index buildings in Phuket. These aren't necessarily bad buildings — luxury brands, beach proximity, or amenities can justify a real premium. The point is: before you pay the 'investment' pitch, know the number.
| # | Condo | Sub-area | Bubble |
|---|---|---|---|
| 1 | MGallery Residences MontAzure Lakeside | kathu | +116% |
| 2 | MontAzure Lakeside Phuket | kathu | +84% |
| 3 | Allamanda 2 & 3 Condominium | thalang | +53% |
| 4 | Beachfront Bliss | thalang | +49% |
| 5 | Twin Sands | kathu | +47% |
| 6 | Allamanda Laguna | thalang | +46% |
| 7 | CASCADE Bangtao Beach - Phuket | thalang | +35% |
| 8 | Mercury Wyndham La vita | mueang-phuket | +27% |
| 9 | The Sands Condo | mueang-phuket | +23% |
| 10 | Baan Ketkeaw Guest House 2 | kathu | +21% |
Methodology
- Data source: hipflat.co.th L3 listings (price + area per unit)
- Price unit: USD per m²
- Sub-area median normalised to 100
- SALE price preferred; RENT fallback when no sale data
- Measurement date: 2026-05-09
- Sub-areas with fewer than 5 sampled buildings excluded (small-sample noise)
Data refreshes weekly. Click any building → per-unit prices, 13-month price trend, nearby projects in one page.
→ All 63 Phuket condos